TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash February 25, 2021

Forex reserve hits record $44.02b

Bangladesh’s foreign exchange reserve yesterday hit a new record of $44.02 billion thanks to robust remittance inflows and lower import payments, Bangladesh Bank data showed. The reserve, one of the major macroeconomic indicators of an economy, touched the $41-billion mark on October 28 and rose to $42 billion on December 15 and then to $43 billion on December 30 last year. Between July and January this fiscal year, the country received $14.9 billion in remittance, up 34.95 per cent from a year ago. Remittance stood at $1.49 billion in the first 23 days of February in contrast to $1.24 billion in the same period a year ago, BB data showed. Remittance has played a vital role in boosting the foreign currency reserve amid the coronavirus pandemic, a Bangladesh Bank official said, adding that dwindling imports have also helped expand the reserve. Imports decreased 6.80 per cent year-on-year to $25.22 billion in the first half of the current fiscal year.

Source: https://www.thedailystar.net/business/news/forex-reserve-hits-record-4402b-2050769

Electrical goods export jump

Exports of electrical goods rose 42.34 per cent year-on-year to $41.93 million in the July to January period of the current fiscal year, in a testament to Bangladesh’s growing prowess in the technological sector. The export receipts were $29.34 million during the same period a year ago, data from the Export Promotion Bureaus showed. Industry people credited the initiatives of entrepreneurs and continuous development of products for helping the country widen its export basket. Companies in Bangladesh export more than 30 types of electrical products, said Sohel Rana, chief executive officer of Walton Electric Appliance. Bangladesh exports electrical products such as cables, distribution boards, transformers, switch gears, wires, insulators, fans, heat and speed control systems, magnetic contractors, switches, and irons. Other export-oriented products include tube lights, filament bulbs, light fittings, table lamps, water heaters, torch lights, and lift equipment.

Source: https://www.thedailystar.net/business/news/electrical-goods-export-jump-2050793

Bajaj Auto Ltd becomes world’s most valuable two-wheeler company

Bajaj Auto’s recent recognition as the world’s most valuable maker of two-wheelers with market capitalisation of over $13.6 billion is unlikely to surprise many in Bangladesh given its undisputed leadership in the country’s two-wheeler market backed with a strong association with the reputed Uttara Motors Ltd. Commenting on the milestone, Milind P Bade, vice president of international business at Bajaj Auto India, said the company exports motorcycles to more than 70 countries across the globe. It enjoys market leadership in key countries on account of its sharp product strategies and focus on differentiated customer experience, making Bajaj the most valuable two-wheeler company across the globe. The demand for sports motorcycles is increasing in Bangladesh as customers get the best in technology, safety and performance from premium bikes such as Pulsar.

Source: https://www.thedailystar.net/business/news/bajaj-auto-ltd-becomes-worlds-most-valuable-two-wheeler-company-2050721

Mercantile Bank launches 20 new Islamic banking windows

Mercantile Bank yesterday launched 20 new Shariah-compliant Islamic banking windows under a “TAQWA” brand. Managing Director and CEO Md Quamrul Islam Chowdhury inaugurated the services through a digital platform. The additions take the number of branches having such services to 45. Chowdhury said the Islamic banking facilities in parallel to that of conventional banking would ensure all types of client services.

Source: https://www.thedailystar.net/business/news/mercantile-bank-launches-20-new-islamic-banking-windows-2050701

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 31,961.86
↑ 424.51↑ 1.35 %
FTSE100$ 6,658.97↑ 33.03 ↑ 0.50 %
Nikkei 225$ 30,161.95↑ 490.25↑ 1.65 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 63.30 ↑ 0.08↑ 0.13 %
Crude Oil (Brent)$ 67.26↑ 0.22↑ 0.33 %
Gold Spot$ 1,795.99↓ 9.07↓ 0.50 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 84.8010
GBP 1BDT 119.6881
EUR 1BDT 103.0332





Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited